hey everybody welcome to bald guy money i am bald guy and today i am answering your questions please remember that none of this is advice and hit the like button right now if you could just to let youtube know that you like my content and you think more people should see it okay so not to waste any time let's get right into it when we have a great first question the headline question from a viewer that calls themselves trike patrol and trike patrol asks what do you think is happening with the


price of silver we started going up and now it's coming down again is this proof of manipulation thank you so much for your question and what i want to start off by saying is no this is not proof of silver price manipulation if anything this just shows us what investor psychology looks like especially when you're talking about going up against a lot of traders that are hired by by banks so we're talking about professional traders and this is why if we take a look at this silver chart


you'll see and as i mentioned it's really investor psychology at play and what i mean is that as the price of silver came down we found a price that people thought was attractive to buy it at so a place that people thought was a bottom for silver and that is this level here around the 18 40 cent mark and that is what we call the support level and as people started buying silver at the support level the price started to move up because the price is determined of course by supply and demand so the more people buying


shows more demand which means the price is going to move up as the price moved up we found the first resistance level we pulled back a little bit took a breather and then we reached a new resistance level here and this is a level that people started to sell into so a strength that people sold into in order to take profits on trades they opened at those lower levels which we called again the support levels and as they started to sell off at those resistance levels it drove the price down again and this is a very good lesson in how


trading works and shows the psychology of people especially people who are working at large banks who are hired to buy silver at those local bottoms or at those support levels and then sell them as they move up into those resistance levels that said i think a lot of people got overly excited by a small recovery in the price of silver and i want to remind everybody about this and i showed this in an earlier silver price video that i did and what i said in that video is that the price will not recover


until manufacturing does and i want to take a moment to reiterate my position on the price of silver and say that we are in a bear market still and we can expect the price of silver to come back even more potentially down to that 17 price level i mentioned some time ago so in short just to answer your question no this is not proof of silver price manipulation and i do think that there is still a little more downside to go on silver even if we experience a couple bounce backs in between so thank you so much for your


question i hope that answers it moving on to the next one and this one comes from god's money and i suppose this person is a fan of robert kiyosaki and god's money asks have you considered premium increases when silver goes down so thank you so much god's money for your question and it's a great one and what i want to say is that i believe that as a percentage the premium that people are going to be paying on silver as the price comes down is going to increase nominally the price of the silver you're buying is


still going to decrease but as a percentage that premium that you're paying on the price of silver is definitely going to increase and i can also say that i think this is going to be a permanent element of silver boolean purchases in the future even as the price starts to increase and and this is why because we've seen since the c19 pandemic when there was a little bit of a supply disruption with respect to silver boolean on the market we've seen dealers take higher premiums on silver


and it actually hasn't impacted so much the demand side from silver stackers in particular and what i want to say is if you were a silver dealer or a boolean dealer dealing in in gold and silver what is your incentive to lower that premium moving forward there isn't really much of an incentive knowing that the person on the other side of the counter who you're selling that silver to is absolutely willing to pay that premium so what i can say is as the price comes down i expect the silver


premiums to increase as a percentage of the price that you're paying that's number one number two is i think that these higher silver premiums are here to stay based on the behavior of many silver stackers who have shown a willingness to pay those higher silver premiums i hope that answers your question moving on to the next one and this one comes from silver delta what is the split between male and female stackers so the best data i can offer up here to answer your question is actually from the analytics


of my channel and here's what that looks like and i'm showing you here the split between my male and female viewers as well as the age groups that view my channel and since this is a precious metals focus channel i think these numbers are probably pretty representative of how this split exists amongst people within the stacker community that said we can see that about 91 of my viewers are male and 9 of my viewers are female so i think it's safe to say that for every one female stacker there are about 10


male stackers now as it breaks down with respect to age you can actually see that there is a little bit more of an even split between the adult age groups that are watching my channel in fact i was actually quite surprised that there is so much interest from the 24 to 34 year old group which is often stereotypically associated with investing in crypto and i think that is a fantastic sign for the future of precious metals that said the majority of my viewers are of course from the 45 to 64 year old age


group and i if i have to give my opinion here i simply think that is a matter of experience and people understanding how important precious metals are as a hard physical asset so thanks for the question now let's move on to the next one and this one comes from tata gata and tata gata asks how much more downside can we expect on silver how does the cost of mining silver impact that great question and i've been saying for a long time now at least since april or may that we can expect to see 17


per ounce silver and i stick by those numbers now does that mean that there that we can't go lower that there's no more downside from 17 no that's not what that means there is absolutely room for us to enter the 14 per ounce territory now you also asked about the cost of mining and its impact on the price of silver and that's very interesting because if we take a look here considering the fact that 12 is the ballpark or rough cost of mining an ounce of silver today and that includes by the way by product supply


and if we look at this five-year chart that i'm showing you here we can see the absolute low for silver which we reached at the bottom of the c19 crash is around the break-even point for mining silver and that was around 12.60 per ounce so do i think silver can go lower than the cost to mine it my immediate answer is absolutely not but if you hold tight i sincerely think we should start to get past this in the next 12 months so as i said hold tight till then as we start to recover in manufacturing and recover from this


recession the price of silver will subsequently recover and as i said that will likely take another 12 months moving on to the next question and this one comes from john and john asks i am new to this where should i buy gold and silver i checked some of the larger sites and they want a minimum investment of 25 or 50 000 as an initial investment i can't do that so john the way i see it is you're probably looking at online trading houses that do require a minimum amount of investment in order to open an


account on those platforms and please correct me in the comments if i'm wrong what i can say is that a lot of people here my viewers who are interested in stacking precious metals owning gold owning silver are actually buying it in the physical form from websites like appmax but there are many others and i encourage everybody watching this video right now to put in the comments section let's help john out please put in your favorite sources to purchase your physical silver and gold boolean let's help him


out let's let him know as a community where we like to buy it moving on and now a question that i received from a viewer who is named muhammad tauffik and muhammad tawfiq asks i saw your post on instagram about the stock you said you were buying in a video two months ago invite it tripled in price you said to take profits on this trade is that because you think the stock market is going to go back down how will that affect gold and silver and real estate so thanks for your question tawfiq and thanks for following me on


instagram and how i want to answer it is like this let's pull up that chart of invite so this is actually going to be a two-part answer and it goes like this looking at the chart we see that i was actually right to urge people to take profits when there is a huge rip or a run-up like this in the price smart people will take some money off of the table and that ties back to the the traitor psychology that i mentioned in the first question and this undoubtedly causes the price to come back down so on the first part of


the answer i say don't fight the inevitable if something like this happens where the price rips up uh 300 400 percent i say take a little bit off the top because nobody ever went broke taking profits and that's a line i stole actually from rob wolf from digital asset news now on the stock market i do believe we are headed towards a double bottom so all the gains we've gotten from the s p 500 over the last six seven weeks are going to be given back and we are going back down to that 3 800 level


which is actually a 25 pullback the exact level that i said we would pull back in my october video covering the stock market crash what i called facts because at the time a lot of people were calling for the greatest crash in the history of the world and there are still a lot of people saying that this second leg down so the second pullback is actually going to result in that now from my point of view there's just too much inflation baked into the economy and as a result the evaluation of companies have to


reflect that somehow so in real terms i would say a lot of these people are right but when we adjust for inflation we're talking about hitting back at that 3800 level so i would be very careful in building up a larger stock portfolio right now because the pullback the second leg down has just started now how does this affect gold and silver and real estate i would say that my point of view on silver is it has been made very clear in this video i think we're going to pull back down to the 17 level


with respect to gold i think that we could go a little bit lower from where we are now but i don't expect us to go much lower than 1650 which as a percentage is actually not as much as the pullback we're going to experience on silver and with respect to your question on real estate i've mentioned this in past videos i think there is going to be a general 10 pullback in the price of real estate in fact we're already starting to see that in a lot of markets but the markets that were the hottest during


the c19 period so we're talking about again i've said this in many videos european capital cities if you're talking about a lot of the cities in the united states that people were moving to like austin texas i think is a fantastic example for that i think you're going to see larger pullbacks there meaning that in those more rural areas you're going to see less of a pullback maybe in the five percent range and as a total uh real estate pullback you're probably only going to see at the macro level


about 10 and i've covered this in past videos but but that's how i see it thanks again for your question moving on to the next one and this one comes from k.s coins and this is actually a very dear viewer from kansas and kansas coins asks dearest mr bald with respect how do electric cars and bitcoin work in a shtf situation so that is a situation where everything goes to all hell not even a full-blown one what about famous california blackouts if anyone's grid was down for two weeks


no internet great question from a loyal viewer and regular commenter and the truth is actually i see this question a lot within the metal stacker community and here's my simple answer bitcoin and electric cars can only be really permanently killed by a permanent blackout and that is something that has actually never happened and is highly unlikely considering how many people get their own green energy off of the grid in the 21st century so with respect to that i think that's actually a very unlikely scenario now


this next part and i really want to stress because if something like that did happen i mean i'm i'm going to humor you on on this one let's say it does happen the internet and electricity goes out everywhere around the world even though i don't think it's very likely our problems are actually going to be a lot larger than whether or not bitcoin works or whether or not i can drive my electric car and the reason for that is number one the entire banking system is not going to work okay because a lot of all


banking records now are digital and transactions are digital so i mean say goodbye to the banking system number two if you are somebody who is in a hospital that relies on a machine for life i'm sorry but that's going to be the the end of that or if you're somebody with an illness for example if you're somebody who goes for kidney dialysis that is no longer going to be possible so you're going to see a large amount of death if something like that happens and uh the probably one of the most


scary things is that nuclear sites so sites that are are holding nuclear radioactive material are actually going to be come destabilized and become unsafe so when we're talking about one of those shtf so all things go to hell situations i try to put it in focus and i say really do i need to be worried about bitcoin or electric cars in this situation or do i simply need to be worried about surviving in the survival of my loved ones because let me be perfectly clear if that happens everything


you own that is not either edible or somehow protecting you from the elements is going to be absolutely worthless so i just want to put that into focus for everybody that things like bitcoin and electric cars in a situation like that are going to be the absolute uh least important thing staying alive finding things to eat and having shelter that is going and staying safe from from people because i assume something like that would lead to some kind of uh groups of bandits you know going around cleaning people out so again like i said


keep things in focus and let's not over exaggerate on the importance of something in some of these extreme situations because in an extreme situation like that like i said you're more focused on survival than the value of any asset you have now with that said we have to play the odds especially when we're allocating capital to invest in something or to protect our savings and that's why i always think having some gold and silver is fantastic but why do i think things like bitcoin or electric cars are also


good to have a little bit of capital allocated in well i'll put it like this when we're looking at the odds the odds that will live in a future that is more electric and more digital is actually much higher than the odds we're going to return to the stone age and again i say that with respect to kansas coins because i think the odds of us returning to a stone age which is kind of the scenario you're you're describing is very unlikely and based on the odds the the higher odds that we're


going to a future that is more digital and more electric which is a trend that's been established for 30 years now i think that's why i always stress as well as having some silver and gold that having a little bit of a stake in bitcoin as well as a green future like electric cars is very important because and this is not advice because if you are an early investor in those two things come 10 15 20 years from now there are going to be huge real financial rewards for you to reap from that so again thank you so


much for your question i appreciate you being a member of the community and uh and and keep them coming moving on to the next question and this one comes from melody k and melody asks if we switch to cbdc will medals even matter how would one convert if everything is tracked excellent question here and i'm going to give a very simple response and i'm going to say first of all cbdc which is central-backed digital currency or these kind of um government cryptos that we're going to have instead of paper money in


our pocket this is actually just another form of fiat money that can be inflated and debased and the value of it is going to decrease over time and that is why i think there will still very much be a place for metals in the future especially in a cbdc world now with respect to actually using your cbdc to buy metals again i don't think there's going to be much difficulty in that already there are many people who are you doing digital transactions to purchase silver and gold from online dealers like apmex


and again this is something already that's a reality digital transactions in order to get medals therefore i don't expect much disruption uh to happen on this as a result of cbdc's thanks for asking and i hope that answers answered your question moving on to the next one this one comes from carepre lift chair okay i'm definitely in the top 20 this is actually a comment under my gold video shading closer to the 5 however mines do produce gold and silver each year does that up the amount needed to keep


top tier status and how much per year to maintain the level so with respect to gold it's a very straightforward answer it's about 1.7 and this is why i always say as a very good rule of thumb to keep yourself especially if you're benching benchmarking yourself versus other stackers to keep yourself at that high elite level should you have found yourself in an in an elite level in my top silver and gold owners videos i think it's a good idea to add about two percent minimum to your stack


every year if you can afford that that way at least relative to what is being pulled out of the ground you are keeping pace with that that is the last question in my q a i really hope you all enjoyed it it was a really tough and technical one to get through if you have any questions please drop them in the comments now don't forget to drop me a like thank you for making it this far and i do hope to see you in the next one adios everybody till next time